The revenue of the silicone market in South Korea amounted to $X in 2017, jumping by X% against the previous year. Overall, silicone consumption continues to indicate a strong growth. The most prominent rate of growth was recorded in 2010, when market value increased by X% against the previous year. Over the period under review, the silicone market attained its maximum level in 2017, and is expected to retain its growth in the near future.

Silicone Production in Republic of Korea

In 2017, approx. X tonnes of silicones (in primary forms) were produced in South Korea; leveling off at the previous year. In general, silicone production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when the output figure increased by X% year-to-year. Over the period under review, the silicone production reached its maximum volume in 2017, and is likely to see steady growth in the immediate term.

Silicone Exports

Exports from Republic of Korea

In 2017, the amount of silicones (in primary forms) exported from South Korea amounted to X tonnes, surging by X% against the previous year. Overall, silicone exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, when exports increased by X% y-o-y. In that year, the silicone exports attained their peak volume of X tonnes. From 2010 to 2017, growth of the silicone exports stood at a somewhat lower level.

In value terms, silicone exports amounted to $X in 2017. In general, the total exports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the silicone exports increased by +X% against 2015 indices. Over the period under review, the silicone exports reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Exports by Country

China (X tonnes), Viet Nam (X tonnes) and India (X tonnes) were the main destinations of silicone exports from South Korea, with a combined X% share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for silicone exports from South Korea, making up X% of total silicone exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Japan (+X% per year).

Export Prices by Country

The average silicone export price stood at $X per tonne in 2017, coming up by X% against the previous year. In general, the export price indicated a prominent expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the silicone export price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. Over the period under review, the average export prices for silicones (in primary forms) reached its peak figure level of $X per tonne in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Japan ($X per kg), while average price for exports to India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Japan (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Republic of Korea

In 2017, approx. X tonnes of silicones (in primary forms) were imported into South Korea; coming up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2009, when imports increased by X% y-o-y. Over the period under review, the silicone imports reached its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, silicone imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The imports peaked in 2017, and are likely to continue its growth in the near future.

Imports by Country

China (X tonnes), the UK (X tonnes) and Japan (X tonnes) were the main suppliers of silicone imports to South Korea, together accounting for X% of total imports. These countries were followed by the U.S., Thailand, Germany and France, which together accounted for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Thailand (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest silicone suppliers to South Korea were China ($X), Japan ($X) and the U.S. ($X), with a combined X% share of total imports. These countries were followed by the UK, Germany, Thailand and France, which together accounted for a further X%.

Among the main suppliers, Thailand (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicone import price stood at $X per tonne in 2017, rising by X% against the previous year. Overall, silicone import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. In that year, the average import prices for silicones (in primary forms) reached their peak level of $X per tonne. From 2011 to 2017, growth of the average import prices for silicones (in primary forms) failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was the U.S. ($X per tonne), while price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Product coverage: UNCode 34790-5 - Silicones in primary forms.

This report provides an in-depth analysis of the silicone market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities 2. How to load your idle production capacity 3. How to boost your sales on overseas markets 4. How to increase your profit margins 5. How to make your supply chain more sustainable 6. How to reduce your production and supply chain costs 7. How to outsource production to other countries 8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

3. MARKET OVERVIEWUnderstanding the Current State of The Market and Its Prospects 3.1 MARKET SIZE 3.2 MARKET STRUCTURE 3.3 TRADE BALANCE 3.4 PER CAPITA CONSUMPTION 3.5 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTSFinding New Products to Diversify Your Business NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION 4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS 4.2 BEST-SELLING PRODUCTS 4.3 MOST CONSUMED PRODUCT 4.4 MOST TRADED PRODUCT 4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIESChoosing the Best Countries to Establish Your Sustainable Supply Chain NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION 5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT 5.2 TOP PRODUCING COUNTRIES 5.3 TOP EXPORTING COUNTRIES 5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETSChoosing the Best Countries to Boost Your Exports NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION 6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT 6.2 TOP CONSUMING MARKETS 6.3 UNSATURATED MARKETS 6.4 TOP IMPORTING MARKETS 6.5 MOST PROFITABLE MARKETS

7. PRODUCTIONThe Latest Trends and Insights into The Industry 7.1 PRODUCTION VOLUME AND VALUE

8. IMPORTS The Largest Import Supplying Countries 8.1 IMPORTS FROM 2007–2017 8.2 IMPORTS BY COUNTRY 8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS The Largest Destinations for Exports 9.1 EXPORTS FROM 2007–2017 9.2 EXPORTS BY COUNTRY 9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERSThe Largest Producers on The Market and Their Profiles NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION